ING Life India
ING Vysya Life Insurance Company Private Limited entered the private life insuranceindustry in India in September 2001, and in a short span of nearly 3 years hasestablished itself as a distinctive life insurance brand with an innovative, attractive andcustomer friendly product portfolio and a professional advisor force. It also distributesproducts in close cooperation with the ING Vysya Bank network. Currently, it has over8000 active advisors working from 43 branches (in 23 cities) across the country and over800 employees.ING Vysya Life Insurance Company is headquartered at Bangalore and has established anational presence in the following cities: Delhi, Chandigarh, Ludhiana, Jaipur andGurgaon in the North; Mumbai, Pune, Nagpur, Ahmedabad and Vadodara in the West;Kolkata in the East; Bangalore, Hyderabad, Chennai, Vizag, Vijaywada, Mangalore,Mysore, Cochin, Coimbatore, Guntur, Hubli and Trivandrum in the South.The company has over 1,00,000 customers as on date and has achieved a premiumincome of Rs. 114 crore since start of businessING Vysya Life Insurance is a joint venture between ING Insurance International BV a
part of ING Group, the world’s largest life insurance company
(Fortune Global 500,2003), ING Vysya Bank, with 2 million customers and over 400 outlets and GMRTechnologies and Industries Limited, part of GMR Group also based in Bangalore andinvolved in the field of power generation, infrastructure development and several otherbusinesses. ING Vysya Life Insurance recently achieved the significant milestone of completing 10 years of operations in India.
ING Life Insurance India is currently present in over 200 cities and serves over 1 millionpolicy holders in India.
The company distributes its products through two channels, Tied Agency and AlternateChannel. The Tied Agency Channel comprises over 30,000 ING Life Insurance Advisors,spread across the country. The Alternate Channel is a fast growing distribution channel,and includes Bancassurance partner (ING Vysya Bank), Cooperative Banks, CorporateAgents and Brokers